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SWIFT completes tokenized asset interoperability pilot with major banks
Interbank messaging system SWIFT has announced the successful completion of a major pilot project focused on digital asset interoperability, conducted in collaboration with BNP Paribas Securities Services, Intesa Sanpaolo, and Société Générale’s blockchain unit, FORGE.
According to an announcement published on X, SWIFT worked closely with SG-FORGE, using its digital asset platform and the euro-denominated EURCV stablecoin. BNP Paribas Securities Services and Intesa Sanpaolo played a key role as payment agents and custodians, performing standard institutional functions and demonstrating that tokenized assets can be integrated with established market roles and infrastructure.
The pilot was described as the first time SWIFT has orchestrated tokenized asset transactions within a single, coordinated process connecting blockchain networks with trade finance systems.
It also highlighted SWIFT’s ambition to serve as a neutral coordination layer between traditional financial systems and emerging blockchain ecosystems. The project builds on SWIFT’s broader digital asset experiments involving partners such as UBS and Chainlink, Citi, HSBC, and others, using the ISO 20022 standard.
Tokenization without abandoning existing infrastructure
Following a series of successful tests, SWIFT is now focused on adding a blockchain-based ledger to its technology stack. In its initial phase, the ledger is expected to support real-time, 24/7 cross-border payments and will be developed in collaboration with more than 30 banks worldwide.
“Our goal is to seamlessly connect new networks and new forms of value while delivering a best-in-class experience aligned with the G20’s objectives for cross-border payments,” the company said.
The move represents a significant step toward the mass adoption of tokenization in capital markets and is expected to help unify fragmented digital ecosystems without requiring existing institutions to abandon their current systems and operating models.
As we wrote, Swift, UBS, and Chainlink test tokenized fund settlements to modernize finance
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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